You Should Know These Things About Joby Aviation Inc. (JOBY)

As of Friday close, Joby Aviation Inc.’s (NYSE:JOBY) stock was up $0.9, moving up 20.32 percent to $5.33. The average number of shares traded per day over the past five days has been 9,010,860 shares. 2 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 6,152,900, while in the previous 50 days, it was 6,710,878.

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Since last month, JOBY stock retreated -0.93%. Shares of the company fell to $3.94 on 05/12/22, the lowest level in the past month. A 52-week high of $14.33 was reached on 01/03/22 after having rallying from a 52-week low of $3.61. Since the beginning of this year, JOBY’s stock price has dropped by -26.99% or -$1.97, and marked a new high 1 time. However, the stock has declined by -62.81% since its 52-week high.

Joby Aviation Inc. (JOBY) last reported insider trading activity 149 days ago on Dec 16. Bevirt JoeBen, the CEO and Chief Architect of the company, purchased of 45,000 shares for $6.56 on Dec 16. It resulted in a $295,200 investment by the insider. Sciarra Paul Cahill added 74,500 shares at an average price of $6.68 on Dec 16. The insider now owns 60,141,668 shares following the transaction. On Dec 15, CEO and Chief Architect Bevirt JoeBen bought 40,000 shares at $6.29 apiece. The transaction was valued at $251,600.

Financial Health

In the recent quarter, Joby Aviation Inc.’s quick ratio stood at 95.20, while its current ratio was 95.20, showing that the company is able to pay off its debt. Based on annual data, JOBY earned $2.43 million in gross profit and brought in $259.09 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$184.62 million in EBITDA. The liabilities of Joby Aviation Inc. were 171.6 million at the end of its most recent quarter, and its total debt was $2.76 million. The value of shareholders’ equity is $605.8 million.

Technical Picture

This quick technical analysis looks at Joby Aviation Inc.’s (JOBY) price momentum. With a historical volatility rate of 138.13%, the RSI 9-day stood at 55.79% on 13 May.

At present, JOBY shares trade +2.50% above its 20-day simple moving average and -21.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately +13.89% above its SMA50 and -46.59% below its SMA200.

Stochastic coefficient K was 38.62% and Stochastic coefficient D was 20.65%, while ATR was 0.51. Given the Stochastic reading of 82.74% for the 14-day period, the RSI (14) reading has been calculated as 52.57%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.42.

Analyst Ratings

JP Morgan launched its rating on Joby Aviation Inc. (NYSE: JOBY) to a Neutral in a note to investors on April 28, 2022. Joby Aviation Inc. (JOBY) has been rated Overweight by analysts. According to 0 brokerage firms, JOBY is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Joby Aviation Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $8.00, the current consensus forecast for the stock is $6.00 – $12.00. Based on these forecasts, analysts predict Joby Aviation Inc. (JOBY) will achieve an average price target of $8.40.


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